Soldi Ventures Inc.

Soldi Ventures Inc.

February 22, 2011 18:47 ET

Soldi Ventures Inc. Commences Drilling on the Rainy River Land Package

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2011) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) reports that Discovery Diamond Drilling Ltd., out of Morinville, AB, has commenced drilling on the Cameron Lake Block "B" property. This marks the beginning of the 2,500 metre Phase One diamond drill program on the Rainy River and Cameron Lake claims in northwestern Ontario.

The main target on Cameron Lake Block "B" is the Dubenski shear, which hosts gold mineralization on the adjacent Cameron Lake property held by Coventry Resources Ltd. Target sites for drilling have been plotted to test the Dubenski shear from the shoreline of Flint Lake.

Summary of Cameron Lake Blocks "A" and "B"

These two claim blocks totaling 76 units (3,040 acres) cover several kilometres of the Pipestone-Cameron Shear Zone, a major regional structure. This structure, or a splay off it, is probably responsible for localizing gold mineralization at the Cameron Lake deposit, less than 2 kilometres from the Soldi property boundary. Cameron Lake is a relatively low grade gold deposit that is now being actively explored by Coventry Resources Ltd. Recent increases in the price of gold have made this deposit appear to be more economically feasible. Current resource estimates for Cameron Lake are:

  Indicated resource - 523,477 ounces at 2.77 grams per tonne gold (g/T Au)
  Inferred resource - 786,150 ounces at 1.84 g/T Au
  At a cutoff of 0.5 g/T Au
  (Source - Coventry Resources Ltd.

In addition to the Pipestone-Cameron Shear Zone, the Soldi Cameron Lake Block "B" is traversed by two splays off the regional structure. A second-order shear hosts a historical gold occurrence called the Meahan Zone, which contains narrow quartz stringers in an altered shear zone. Historical assays ranged up to 65.56 g/T Au; a sample taken in 2009 for Soldi assayed 17.27 g/T Au.

Another shear zone, probably a third-order shear, called the Dubenski shear, splays off the shear that hosts the Meahan Zone. On the adjoining property to the west, the Dubenski shear, which is up to 75 metres wide, is host to a gold deposit, the Gold Panner Mine, which produced on a small scale between 1899 and 1903. A 750 metre length of the Dubenski shear on Cameron Lake Block "B" lies under water and has not been tested by any historical exploration.

Technical information in this news release has been prepared by Colin Bowdidge, Ph.D., P.Geo., Qualified Person as defined in NI 43-101 for Soldi.

To view a detailed map of Soldi's complete land position please visit the following link:

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Soldi Ventures Inc. (TSX VENTURE:SOV) is a Canadian exploration company focused on discovering world class gold deposits in politically safe jurisdictions. In light of the Rainy River gold discovery and others in the area, the Rainy River gold belt will be a high priority for the Company's exploration efforts.

On behalf of the board of SOLDI VENTURES INC.

Charles Desjardins, President

Cautionary note:

This report contains forward-looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study; there is no certainty the proposed operations will be economically viable. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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